North Company has completed all of its operating budgets. The sales budget for the year shows 50,180 units and total sales of $2,273,600. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $301,900. Interest is estimated to be $10,240. Income taxes are estimated to be $214,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020.